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  #1  
1st March 2016, 01:56 PM
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How can I repay Loan amount if get job in USA after completion of MS?


Hi,
I am Niladri S. Chakraborty, and I would like to know that if I get an education loan for study MS course in USA and after that get job there then how can I repay the amount of the education loan? I am ready to go USA for my MS course and there is a placement facility available. I have applied for an education loan of Rs. 20 Lacs from Union Bank. So, if I get job in USA then how I pay my loan amount?




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  #2  
28th March 2016, 04:49 PM
ArunavaBasu
Senior Member++++
  
Join Date: Mar 2015
Posts: 2,155
Default Re: How can I repay Loan amount if get job in USA after completion of MS?

Once you have completed your course then you will have to start repaying the Bank in EMI's.
It will be deducted from the account that you have mentioned at the time of your Loan in fixed monthly installments.
The amount to be repaid in installments depends on the interest rate and also the amount of Loan that you have taken and it will be notified to you by the Bank before hand.
This is the process to repay back the Educational Loan that you have taken.
Do you have any question? or have anything to say?



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